Repent I tell you, repent: "I looked when He broke the sixth seal, and there was a great earthquake; and the sun became black as sackcloth made of hair, and the whole moon became like blood;13and the stars of the sky fell to the earth, as a fig tree casts its unripe figs when shaken by a great wind.…" Revelation 6:12
1870 on ES is limit down. We're there beating on the floor! That lifts when we open but rule 48 is in effect for the day as well as other curbs.
Noticed a bulletin from IB about heightened volatility and intraday margin, it seemed to concern futures. Any chance IB messes with portfolio margin on stockpositions ? I can deal with the market crash so far but definetely won't be able to go to bed if I need to worry about margin requirement increase overnight. It sucks twice, losing real money and want to be fresh for tennis practice tomorrow - which seems to help tremendously dealing with market related stress.
Damn ! Last limit down I saw was in 2008 right near the bottom at 666. Maybe this is the opposite. This is the top.
From CME: 7%, 13%, and 20% price limits are applied to the futures fixing price and are effective from 8:30 a.m. CT – 3:00 p.m. CT. Mondays through Fridays. 5% up-and-down limits are effective 5:00 p.m. - 8:30 a.m. CT. Sundays through Fridays; and 3:00 p.m. - 4:15 p.m. CT, Mondays through Fridays. Between 3:00 p.m. - 4:15 p.m. the 5% price limit will not be allowed to breech the 20% daily limit.